IT outsourcing company Cognizant (CTSH) is climbing after the company last night revealed the criteria for the bonuses of its executives in 2013. The company uses a metric it calls performance units to calculate the bonuses of its top executives. In an SEC filing, the IT outsourcing company revealed that the top executives will receive no bonus if the company's 2013 revenue comes in below $8.22B, while they will receive 50% of their bonus performance units if Cognizant's revenue is $8.22B or higher, and 100% of the units if its revenues reach $8.515B or greater. If the company's revenues are $9.175B or greater, the executives will receive a bonus equal to 200% of their assigned performance units. In a note to investors earlier today, Jefferies analyst Jason Kupferberg wrote that Cognizant’s incentive compensation thresholds for 2013 are "encouraging." The level of revenue needed to trigger a 100% payout was about 0.9 percentage points higher than the Street was expecting, the analyst wrote. The company's guidance, which is usually provided in February, is typically roughly in-line with the amount of revenue needed to achieve a 100% payout, Kupferberg wrote. Cognizant is continuing to take market share, added the analyst, who maintained a Buy rating on the shares. In early trading, Cognizant rose $1.79, or 2.67%, to $68.83.